UTAH CODE (Last Updated: January 16, 2015) |
Title 70A. Uniform Commercial Code |
Chapter 7a. Uniform Commercial Code - Documents of Title |
Part 2. Warehouse Receipts - Special Provisions |
§ 70A-7a-205. Title under warehouse receipt defeated in certain cases.
Latest version.
- A buyer in ordinary course of business of fungible goods sold and delivered by a warehouse that is also in the business of buying and selling such goods takes the goods free of any claim under a warehouse receipt even if the receipt is negotiable and has been duly negotiated.
Enacted by Chapter 42, 2006 General Session